Ongoing developments: Park City – Budapest, District XV.
Park City is a new master-planned community planned for the Újpalota section of Budapest’s 15th District. Situated at the corner of Szentmihályi út and Rákospalotai határút, the mixed-use project is to be realized in five phases over a period of ten years. When completed it will provide quality, affordable housing for some 2000 families, together with supporting commercial, recreational and public institutional infrastructure.
The project is organized around a 700 m long, 45 m wide public park. In addition to extensive green areas the park will contain various playgrounds, sports pitches, and small building housing cafes and restaurants.
In addition to the main park, Park City features a number of wooded areas, public squares and playgrounds, as well as a nursery school, kindergarten, shops, and public health facilities.
The multi-family residential component of the project is to be realized in the form of four-story buildings organized around private green courtyards. Each building contains between 25 and 40 studio, one-bedroom, two-bedroom and three-bedroom flats with spacious living areas and large terraces and balconies, and one level of underground parking/storage.
The project is to be designed and built to the highest technical standards and will feature environmentally friendly heat pump system making use of renewable resources. Storm water is to be collected, stored and used to irrigate common green areas. Each building comes equipped with central air-conditioning, a six-person lift, and state-of-the-art control systems that enable to energy consumption of each unit to be precisely controlled and measured.
In addition to 1877 flats, 56 town homes are planned for those wishing to live in a new, sustainable community but desiring the privacy of their own home.Presently we are obtaining infrastructural and building permits to build the first phase on which we intend to break ground in the Spring of 2024.
American House LLC is a full service real estate development and consulting company with offices in Budapest, Hungary and Donja Stubica, Croatia. In addition to developing over EUR 20 million worth of residential, commercial and office projects between 1996 and 2008, American House advised a number of private investors in the acquisition, planning, construction, refurbishment, and management of real estate across all market segments.
American House is dedicated to creating quality communities in accordance with the principles of sustainable development. We provide turn-key development solutions to investors sharing our developmental philosophy and commitment to excellence.